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| DDC reviews performance of financial institutions at DLRC meeting | | | Early Times Report
DODA, Sept 21: To review the performance of the Banks and other Financial Institutions in the furtherance of different Government initiatives and sponsored schemes, District Level Review Committee-District Consultative Committee (DLRC/DCC) meeting was held today here in the Meeting Hall of the DC Office Complex. The meeting was chaired by District Development Commissioner (DDC), Vishesh Mahajan. He also distributed loan sanction letters under PMEGP and other Self-Employment schemes among unemployed youth to enable them to earn their livelihood with dignity and create employment opportunities for others also.
Banks submitted the list of Non Performing Assets (NPAs) before the chair and sought help from the District Administration for recovery. The DDC directed the banks to resubmit the list along with the details of pending amount/liability against each NPA and other details for initiating proceedings under the Land Revenue Act and other relevant rules.
The DDC urged the banks and the government agencies to focus on the Priority sectors, especially in the Agro and Allied activities, to utilise the natural resources in achieving sustainable livelihood for the district. He urged the banks to promote the schemes, especially loans and subsidies, under the Renewable Energy sector. He asked to motivate the beneficiaries under Housing Loan to also take subsidised loans for Solar units/ Renewable energy units.
The house also advocated for lowering the interest rate on educational loans for the benefit of the student community.
He stressed for motivating the unemployed youth for agro based ventures, start-ups, including processing of the local agro products.
The Committee Chairman (DDC) urged the banks and sponsoring agencies to coordinate and hold monthly meetings to encourage and extend hand holding to the applicants under self-employment schemes for creating maximum livelihood generation opportunities for them. He advocated for offering special handholding to the innovative entrepreneurs of the district. The DDC asked banks to promote the education loan schemes and proliferate the Vidya Lakshmi portal.
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